A thought-provoker about the nature of the market place. Keynes, patron saint of governmental borrowing and spending, missed it, this fellow says. So did I, but no one invokes me when they want to stimulate the economy, even when meaning allowing the market to have its way.
A clue to what the quoted economist means lies in this, the first of 62 comments, in which it is said, “[P]rices are signals transmitting information, and that government action adds noise to the signal.”
I get that. Prices as signals, made hard to read by gummint static.